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STOCKS | Berkshire Hathaway Adjusts Portfolio with Significant Changes
Berkshire Hathaway has released its first-quarter holdings report, revealing notable adjustments in its investment portfolio. According to Jin10, the company increased its stake in Alphabet (GOOGL.O) and The New York Times, with Alphabet seeing an addition of over 36 million shares, raising its holding from 2.04% to 5.93%. Conversely, Berkshire completely exited its positions in Amazon (AMZN.O), Visa (V.N), Mastercard (MA.N), and UnitedHealth (UNH.N). The company also reduced its holdings in Chevron (CVX.N) and Bank of America (BAC.N).
Additionally, Berkshire initiated a new position in Delta Air Lines (DAL.N), purchasing 39.8 million shares valued at approximately $2.65 billion. Overall, the market value of Berkshire's U.S. stock holdings stood at $26.3 billion by the end of the first quarter, down from $27.4 billion in the previous quarter. During the quarter, Berkshire bought stocks worth about $16 billion and sold approximately $24 billion, resulting in a net sale of around $8.15 billion. The number of holdings decreased sharply from 42 to 29, indicating a significant increase in portfolio concentration.
Additionally, Berkshire initiated a new position in Delta Air Lines (DAL.N), purchasing 39.8 million shares valued at approximately $2.65 billion. Overall, the market value of Berkshire's U.S. stock holdings stood at $26.3 billion by the end of the first quarter, down from $27.4 billion in the previous quarter. During the quarter, Berkshire bought stocks worth about $16 billion and sold approximately $24 billion, resulting in a net sale of around $8.15 billion. The number of holdings decreased sharply from 42 to 29, indicating a significant increase in portfolio concentration.
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